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American Electric Power Reaffirms FY21 Adj EPS Outlook

American Electric Power Reaffirms FY21 Adj EPS Outlook
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U S utilities look at improving power supply as more work from home

2 Min Read (Reuters) - Public Service Group Inc is looking to strengthen the power system serving residential customers now that more people are working from home due to the coronavirus pandemic, the U.S. utility’s chief executive said on Thursday. Speaking at CERAWeek by IHS Markit, CEO Ralph Izzo said “reliability and resiliency in that last mile will take on a whole new meaning. We will rethink working from home in the future.” “If you interrupt power to the home, people are not going to be able to work, they’re not going to be able to drive, they’re not going to be able to communicate,” Izzo said, noting about half of PSEG’s workforce was working from home.

American Electric Power Co Inc Q4 adjusted earnings Beat Estimates

American Electric Power Co Inc Q4 adjusted earnings Beat Estimates COLUMBUS (dpa-AFX) - American Electric Power Co Inc (AEP) reported earnings for its fourth quarter that climbed from the same period last year. The company s bottom line came in at $435.5 million, or $0.88 per share. This compares with $153.5 million, or $0.31 per share, in last year s fourth quarter. Excluding items, American Electric Power Co Inc reported adjusted earnings of $432.7 million or $0.87 per share for the period. Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items. Revenue held steady at $3.6 billion

Global $962 6 Million Static VAR Compensators (SVC) Market Trajectory & Analytics to 2027

Press release content from Business Wire. The AP news staff was not involved in its creation. Global $962.6 Million Static VAR Compensators (SVC) Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com January 21, 2021 GMT DUBLIN (BUSINESS WIRE) Jan 21, 2021 Global Static VAR Compensators (SVC) Market to Reach $962.6 Million by 2027 ADVERTISEMENT Amid the COVID-19 crisis, the global market for Static VAR Compensators (SVC) estimated at US$752.3 Million in the year 2020, is projected to reach a revised size of US$962.6 Million by 2027, growing at a CAGR of 3.6% over the period 2020-2027. Thyristor-based, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$609.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the MCR-based segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

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